HNI on NYSE
HNI Corporation
Logo: HNI Corporation, Public domain, via Wikimedia Commons5
American office furniture manufacturer
HNI Corporation is one of the largest office furniture manufacturers in the world in regard to revenues resulting from office segment sales. HNI is also the world's leading hearth products company, manufacturing and marketing gas, electric, wood and biomass burning fireplaces, inserts, stoves, facings and accessories. The company was founded in 1944 by engineer C. Maxwell Stanley, advertising executive Clem Hanson, and industrial designer H. Wood Miller.3 Wikipedia text CC BY-SA 4.0
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Last updated Oct 21, 2026.
Overview
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- TickerHNI on NYSE1
- Industryfurniture industry, industrial manufacturing1
- HeadquartersMuscatine1
- Founded inMuscatine1
- Websitewww.hnicorp.com
- Incorporated inIA7
- Business address600 East Second Street - Po Box 1109, Muscatine, Ia 52761-71097
- Filer categoryLarge accelerated filer7
- Legal formProfit Corporation4
- LEI549300SKRADLC4O5HV934
- StatusActive4
- LEI statusIssued and current4
- Registered addressC/O C T CORPORATION SYSTEM, 50309 Des Moines, United States4
- Registered withBusiness Services Division (Secretary of State), 193554
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HNI Corporation is one of the largest office furniture manufacturers in the world in regard to revenues resulting from office segment sales. HNI is also the world's leading hearth products company, manufacturing and marketing gas, electric, wood and biomass burning fireplaces, inserts, stoves, facings and accessories. The company was founded in 1944 by engineer C. Maxwell Stanley, advertising executive Clem Hanson, and industrial designer H. Wood Miller. Its headquarters are in Muscatine, Iowa, with operations located in Muscatine, in various other U.S. states, and in Asia.3
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2026
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Business segments
Workplace Furnishings Americas brought in 76% of the revenue HNI Corporation broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| Workplace Furnishings Americas | $1.7B | $1.9B | $2.2B |
| Residential Building Products | $693.7M | $638.4M | $674.9M |
Where the money goes
Where each dollar of revenue went, fiscal 2026
- Cost of revenue59¢$1.7B
- Research and development2¢$56.6M
- Selling, general and admin33¢$937.0M
- Other costs3¢$91.8M
- Income tax1¢$36.5M
- Profit2¢$54.2M
Out of $2.8B in revenue.6
Where each dollar of operating cash went, fiscal 2026
- Dividends paid23¢$63.1M
- Share buybacks30¢$83.6M
- Kept or used elsewhere47¢$129.6M
Out of $276.3M of cash from operations.6
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net sales | $2.8B | $2.5B | $2.4B |
| Cost of sales | $1.7B | $1.5B | $1.5B |
| Gross profit | $1.2B | $1.0B | $948.3M |
| Selling and administrative expenses | $937.0M | $820.7M | $772.0M |
| Acquisition costs | $94.6M | $0 | $41.2M |
| Restructuring, impairment, and loss on divestiture | $18.5M | $6.2M | $44.8M |
| Operating income | $126.0M | $206.5M | $90.3M |
| Interest expense, net | $35.6M | $27.2M | $25.5M |
| Other non-operating income, net | $400.0K | $0 | $0 |
| Income before income taxes | $90.8M | $179.3M | $64.8M |
| Income tax expense | $36.5M | $39.8M | $15.6M |
| Net income | $54.2M | $139.5M | $49.2M |
| Less: Net income attributable to non-controlling interest | $0 | $0 | $0 |
| Net income attributable to HNI Corporation | $54.2M | $139.5M | $49.2M |
| Average number of common shares outstanding basic (in shares) | 47.9M shares | 47.4M shares | 44.5M shares |
| Net income attributable to HNI Corporation per common share basic (in dollars per share) | $1.13 | $2.95 | $1.11 |
| Average number of common shares outstanding - diluted (in shares) | 48.9M shares | 48.5M shares | 45.4M shares |
| Net income attributable to HNI Corporation per common share diluted (in dollars per share) | $1.11 | $2.88 | $1.09 |
| Foreign currency translation adjustments | $8.5M | -$400.0K | -$200.0K |
| Change in unrealized gains (losses) on marketable securities, net of tax | $200.0K | $100.0K | $400.0K |
| Change in pension and post-retirement liability, net of tax | $3.4M | $1.1M | $0 |
| Change in derivative financial instruments, net of tax | -$400.0K | $1.6M | -$2.8M |
| Other comprehensive income (loss), net of tax | $11.8M | $2.4M | -$2.6M |
| Comprehensive income | $66.0M | $141.9M | $46.6M |
| Less: Comprehensive income (loss) attributable to non-controlling interest | $0 | $0 | $0 |
| Comprehensive income attributable to HNI Corporation | $66.0M | $141.9M | $46.6M |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $209.2M | $20.2M | ||
| Short-term investments | $6.5M | $6.4M | ||
| Receivables | $571.1M | $248.4M | ||
| Allowance for credit losses | -$1.1M | -$2.0M | ||
| Inventories, net | $475.3M | $194.3M | ||
| Prepaid expenses and other current assets | $150.9M | $54.9M | ||
| Total Current Assets | $1.4B | $522.2M | ||
| Land and land improvements | $99.1M | $58.5M | ||
| Buildings | $529.1M | $407.9M | ||
| Machinery and equipment | $1.1B | $685.9M | ||
| Construction in progress | $58.5M | $25.9M | ||
| Property plant and equipment | $1.8B | $1.2B | ||
| Less accumulated depreciation | -$678.0M | -$648.6M | ||
| Net Property, Plant, and Equipment | $1.1B | $529.6M | ||
| Right-of-use - Finance Leases | $11.3M | $14.3M | ||
| Right-of-use - Operating Leases | $274.5M | $121.8M | ||
| Goodwill and Other Intangible Assets, net | $1.7B | $624.3M | ||
| Other Assets | $347.6M | $63.0M | ||
| Total Assets | $4.9B | $1.9B | $1.9B | |
| Accounts payable and accrued expenses | $1.0B | $391.2M | ||
| Current maturities of debt | $16.2M | $50.3M | ||
| Current maturities of other long-term obligations | $38.2M | $2.3M | ||
| Current lease obligations - Finance | $4.2M | $5.6M | ||
| Current lease obligations - Operating | $64.4M | $28.1M | ||
| Total Current Liabilities | $1.1B | $477.5M | ||
| Long-Term Debt | $1.3B | $294.3M | ||
| Long-Term Lease Obligations - Finance | $7.3M | $8.9M | ||
| Long-Term Lease Obligations - Operating | $224.6M | $109.6M | ||
| Other Long-Term Liabilities | $220.4M | $72.9M | ||
| Deferred Income Taxes | $180.9M | $71.6M | ||
| Total Liabilities | $3.0B | $1.0B | ||
| Preferred stock - $1 par value, authorized 2.0 million shares, no shares outstanding | $0 | $0 | ||
| Common stock - $1 par value, authorized 200.0 million shares, outstanding: January 3, 2026- 71.3 million shares; December 28, 2024 - 47.2 million shares | $71.3M | $47.2M | ||
| Additional paid-in capital | $1.2B | $201.5M | ||
| Retained earnings | $590.4M | $599.6M | ||
| Accumulated other comprehensive income (loss) | $3.5M | -$8.3M | ||
| Total HNI Corporation shareholders equity | $1.8B | $840.1M | ||
| Non-controlling interest | $0 | $300.0K | ||
| Total Equity | $1.8B | $840.4M | $761.8M | $616.8M |
| Total Liabilities and Equity | $4.9B | $1.9B | ||
| Preferred stock, par value (in dollars per share) | $1.00 | $1.00 | ||
| Preferred stock, shares authorized (in shares) | 2.0M shares | 2.0M shares | ||
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares | ||
| Common stock, par value (in dollars per share) | $1.00 | $1.00 | ||
| Common stock, shares authorized (in shares) | 200.0M shares | 200.0M shares | ||
| Common stock, shares outstanding (in shares) | 71.3M shares | 47.2M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $209.2M | $20.2M | ||
| Short-term investments | $6.5M | $6.4M | ||
| Receivables | $571.1M | $248.4M | ||
| Allowance for credit losses | -$1.1M | -$2.0M | ||
| Inventories, net | $475.3M | $194.3M | ||
| Prepaid expenses and other current assets | $150.9M | $54.9M | ||
| Total Current Assets | $1.4B | $522.2M | ||
| Land and land improvements | $99.1M | $58.5M | ||
| Buildings | $529.1M | $407.9M | ||
| Machinery and equipment | $1.1B | $685.9M | ||
| Construction in progress | $58.5M | $25.9M | ||
| Property plant and equipment | $1.8B | $1.2B | ||
| Less accumulated depreciation | -$678.0M | -$648.6M | ||
| Net Property, Plant, and Equipment | $1.1B | $529.6M | ||
| Right-of-use - Finance Leases | $11.3M | $14.3M | ||
| Right-of-use - Operating Leases | $274.5M | $121.8M | ||
| Goodwill and Other Intangible Assets, net | $1.7B | $624.3M | ||
| Other Assets | $347.6M | $63.0M | ||
| Total Assets | $4.9B | $1.9B | $1.9B | |
| Accounts payable and accrued expenses | $1.0B | $391.2M | ||
| Current maturities of debt | $16.2M | $50.3M | ||
| Current maturities of other long-term obligations | $38.2M | $2.3M | ||
| Current lease obligations - Finance | $4.2M | $5.6M | ||
| Current lease obligations - Operating | $64.4M | $28.1M | ||
| Total Current Liabilities | $1.1B | $477.5M | ||
| Long-Term Debt | $1.3B | $294.3M | ||
| Long-Term Lease Obligations - Finance | $7.3M | $8.9M | ||
| Long-Term Lease Obligations - Operating | $224.6M | $109.6M | ||
| Other Long-Term Liabilities | $220.4M | $72.9M | ||
| Deferred Income Taxes | $180.9M | $71.6M | ||
| Total Liabilities | $3.0B | $1.0B | ||
| Preferred stock - $1 par value, authorized 2.0 million shares, no shares outstanding | $0 | $0 | ||
| Common stock - $1 par value, authorized 200.0 million shares, outstanding: January 3, 2026- 71.3 million shares; December 28, 2024 - 47.2 million shares | $71.3M | $47.2M | ||
| Additional paid-in capital | $1.2B | $201.5M | ||
| Retained earnings | $590.4M | $599.6M | ||
| Accumulated other comprehensive income (loss) | $3.5M | -$8.3M | ||
| Total HNI Corporation shareholders equity | $1.8B | $840.1M | ||
| Non-controlling interest | $0 | $300.0K | ||
| Total Equity | $1.8B | $840.4M | $761.8M | $616.8M |
| Total Liabilities and Equity | $4.9B | $1.9B | ||
| Preferred stock, par value (in dollars per share) | $1.00 | $1.00 | ||
| Preferred stock, shares authorized (in shares) | 2.0M shares | 2.0M shares | ||
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares | ||
| Common stock, par value (in dollars per share) | $1.00 | $1.00 | ||
| Common stock, shares authorized (in shares) | 200.0M shares | 200.0M shares | ||
| Common stock, shares outstanding (in shares) | 71.3M shares | 47.2M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income | $54.2M | $139.5M | $49.2M |
| Depreciation and amortization | $107.1M | $107.8M | $94.9M |
| Other post-retirement and post-employment benefits | $1.9M | $1.1M | $1.1M |
| Stock-based compensation | $24.7M | $17.4M | $16.5M |
| Deferred income taxes | $33.7M | -$14.1M | -$600.0K |
| Asset impairment charges | $7.7M | $0 | $31.5M |
| Loss on sale of subsidiary | $6.6M | $0 | $0 |
| Other net | $14.3M | $5.5M | $5.1M |
| Net increase (decrease) in cash from operating assets and liabilities | $23.9M | -$19.1M | $76.5M |
| Decrease in other liabilities | $2.1M | -$11.4M | -$6.6M |
| Net cash flows from (to) operating activities | $276.3M | $226.7M | $267.5M |
| Capital expenditures | -$65.8M | -$50.6M | -$78.1M |
| Acquisition spending, net of cash acquired | -$390.3M | $0 | -$369.7M |
| Capitalized software | -$2.0M | -$2.3M | -$1.0M |
| Purchase of investments | -$2.8M | -$3.2M | -$5.7M |
| Sales or maturities of investments | $4.8M | $4.7M | $5.4M |
| Net proceeds from sale of subsidiary | $8.1M | $0 | $2.7M |
| Other net | $4.1M | $400.0K | $1.6M |
| Net cash flows from (to) investing activities | -$443.9M | -$51.0M | -$444.8M |
| Payments of debt | -$782.5M | -$420.6M | -$436.0M |
| Proceeds from debt | $1.3B | $328.2M | $684.0M |
| Dividends paid | -$63.1M | -$63.6M | -$58.5M |
| Purchase of HNI Corporation common stock | -$83.6M | -$65.8M | -$300.0K |
| Proceeds from sales of HNI Corporation common stock | $3.8M | $51.2M | $2.3M |
| Debt-issuance costs | -$14.6M | $0 | -$3.0M |
| Withholding related to net share settlements of equity based awards | -$13.3M | -$7.6M | $6.1M |
| Proceeds from COLI | $32.0M | $0 | $0 |
| Other net | -$12.5M | -$4.0M | -$6.0M |
| Net cash flows from (to) financing activities | $363.1M | -$182.2M | $188.8M |
| Net increase (decrease) in cash and cash equivalents | $195.4M | -$6.4M | $11.5M |
No quarter-by-quarter statement was filed.
Corporate structure
HNI Corporation sits at the top of its group. 18 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of HNI Corporation
- FMR LLC Filed SCHEDULE 13G/A on HNI Corporation, latest Aug 6, 2026 (4 filings since Nov 5, 2025)
- VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on HNI Corporation, latest Jul 31, 2026
- VANGUARD PORTFOLIO MANAGEMENT LLC Filed SCHEDULE 13G on HNI Corporation, latest Apr 29, 2026
- VANGUARD GROUP INC Filed SCHEDULE 13G/A on HNI Corporation, latest Mar 27, 2026 (4 filings since Feb 10, 2022)
- STATE FARM MUTUAL AUTOMOBILE INSURANCE CO Filed SCHEDULE 13G/A on HNI Corporation, latest Oct 15, 2025 (4 filings since Feb 2, 2022)
- BlackRock Filed SCHEDULE 13G/A on HNI Corporation, latest Jul 17, 2025 (6 filings since Jan 25, 2022)
- State Street Corporation Filed SC 13G/A on HNI Corporation, latest Oct 18, 2024 (2 filings since Jan 24, 2024)
- Northern Trust Filed SC 13G/A on HNI Corporation, latest Feb 13, 2024 (3 filings since Feb 8, 2022)
- HNI Corporation Muscatine, Iowa, United States
- Steelcase Stake · Grand Rapids, Michigan, United States
- Allsteel LLC Subsidiary · Illinois, United States
- Design Holdings Inc. Subsidiary · Iowa, United States
- Hearth & Home Technologies LLC Subsidiary · Iowa, United States
- HNI Holdings Inc. Subsidiary · Iowa, United States
- HNI Services LLC Subsidiary · Iowa, United States
- HNI Technologies Inc. Subsidiary · Iowa, United States
- HNI Workplace Furnishings LLC Subsidiary · Iowa, United States
- Kimball Furniture Group, LLC Subsidiary · Indiana, United States
- Kimball Hospitality, Inc. Subsidiary · Indiana, United States
- Kimball International Brands, Inc. Subsidiary · Indiana, United States
- Kimball International, Inc. Subsidiary · Indiana, United States
- Steelcase Holding SAS Subsidiary · France
- STEELCASE IDF Subsidiary · Paris, France
- Steelcase SAS Subsidiary · France
- The Gunlocke Company LLC Subsidiary · Iowa, United States
- The HON Company LLC Subsidiary · Iowa, United States
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G; stakes of 5% or more it reported on Schedules 13D and 13G (1 companies). Each entity in the chart links to its source.
What it owns
What HNI Corporation reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Land and buildings | $99.1M6 Jan 3, 2026 | $58.5M6 Dec 28, 2024 | +69.4% |
| Buildings and improvements | $529.1M6 Jan 3, 2026 | $407.9M6 Dec 28, 2024 | +29.7% |
| Machinery and equipment | $1.1B6 Jan 3, 2026 | $685.9M6 Dec 28, 2024 | +64.5% |
| Construction in progress | $58.5M6 Jan 3, 2026 | $25.9M6 Dec 28, 2024 | +125.9% |
| Property and equipment, before depreciation | $1.8B6 Jan 3, 2026 | $1.2B6 Dec 28, 2024 | +54.1% |
| Accumulated depreciation | $678.0M6 Jan 3, 2026 | $648.6M6 Dec 28, 2024 | +4.5% |
| Property and equipment, net | $1.1B6 Jan 3, 2026 | $529.6M6 Dec 28, 2024 | +114.7% |
| Finance-lease assets | $11.3M6 Jan 3, 2026 | $14.3M6 Dec 28, 2024 | −21.0% |
| Operating-lease assets (leased space) | $274.5M6 Jan 3, 2026 | $121.8M6 Dec 28, 2024 | +125.4% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $209.2M6 Jan 3, 2026 | $20.2M6 Dec 28, 2024 | +935.6% |
| Marketable securities, current | $6.5M6 Jan 3, 2026 | $6.4M6 Dec 28, 2024 | +1.6% |
| Stakes in other companies (equity method) | $46.4M6 Jan 3, 2026 | ||
| Long-term investments | $30.2M6 Jan 3, 2026 | $21.5M6 Dec 28, 2024 | +40.5% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $958.0M6 Jan 3, 2026 | $442.1M6 Dec 28, 2024 | +116.7% |
| Indefinite-lived intangibles (excluding goodwill) | $319.1M6 Jan 3, 2026 | $49.1M6 Dec 28, 2024 | +549.9% |
| Finite-lived intangibles, gross | $745.0M6 Jan 3, 2026 | $346.9M6 Dec 28, 2024 | +114.8% |
| Accumulated amortization | $319.5M6 Jan 3, 2026 | $213.9M6 Dec 28, 2024 | +49.4% |
| Finite-lived intangibles, net | $425.5M6 Jan 3, 2026 | $133.1M6 Dec 28, 2024 | +219.7% |
Inventory
| Item | Latest | A year before | Change |
|---|---|---|---|
| Inventory, total | $475.3M6 Jan 3, 2026 | $194.3M6 Dec 28, 2024 | +144.6% |
| Finished goods | $217.3M6 Jan 3, 2026 | $122.4M6 Dec 28, 2024 | +77.5% |
Properties, in its own words
The Corporation maintains its corporate headquarters in Muscatine, Iowa, and conducts operations at locations throughout the United States and internationally. Those locations house manufacturing, distribution, and retail operations and offices totaling an aggregate of approximately 21.2 million square feet. Of this total, approximately 7.5 million square feet are leased.
Although the manufacturing facilities are of varying ages, the Corporation believes they are well maintained, equipped with modern and efficient machinery and tooling, in good operating condition, and suitable for the purposes for which they are being used. The Corporation has sufficient capacity to increase output at most locations by increasing the use of overtime or the number of production shifts employed.
The rest of Item 2
The Corporation’s principal facilities (100,000 square feet or larger in size) are as follows:
Number of Facilities · Square Feet (in thousands)
Location · Workplace Furnishings · Residential Building Products · Owned · Leased
Muscatine, IA · 6 · — · 2,211 · —
Kentwood, MI · 2 · — · 1,907 · —
Jasper, IN · 5 · — · 1,223 · —
Grand Rapids, MI · 2 · — · 743 · —
Santa Claus, IN · 2 · — · 684 · —
Lake City, MN · — · 2 · 342 · —
Carrollton, TX · 2 · — · — · 618
Other U.S. · 17 · 6 · 4,165 · 2,441
Outside U.S. · 14 · — · 1,548 · 1,852
There are no major third-party encumbrances on Corporation-owned properties. See "Property, Plant, and Equipment" in the Consolidated Balance Sheets in this report for cost, accumulated depreciation, and net book value data.
Item 2 of the 10-K filed Mar 3, 2026.18
Leadership
Who has led HNI Corporation, and when. Pick a name to see everywhere that person has worked.
President
- Stanley A. Askren2004–2018
- Bradley D. Determan2004
- Eric K. Jungbluth2004–2005
- Thomas A. Tolone2004–2005
- Donald T. Mead2004
- Vincent P. Berger2016–2018
- Jeffrey D. Lorenger2018
- Brandon T. Sieben2018–2019
- Bishop Brandon Bullock Iii.2019
- Kristin L. Yates2019–2020
- Jason Dean Hagedorn2020–2024
- Brian Scott Smith2024–2026
- Irene Tasi2026–now
Chief financial officer
Chief operating officer
197019801990200020102020
- Chief executive officerJeffrey D. Lorenger Jul 2, 2018 to now19
- Chief executive officerStanley A. Askren May 6, 2004 to Jun 6, 201820
- Chief executive officerJack D. Michaels Aug 29, 2003 to Mar 5, 200421
- ChairStanley A. Askren Jan 31, 2005 to Jun 6, 201822
- ChairJack D. Michaels Aug 29, 2003 to Sep 3, 200421
- PresidentIrene Tasi Sep 16, 2026 to now23
- PresidentBrian Scott Smith Oct 15, 2024 to Sep 16, 202624
- PresidentJason Dean Hagedorn Dec 11, 2020 to Oct 15, 202425
- PresidentBishop Brandon Bullock Iii. Feb 15, 2019 to Jul 10, 201926
- PresidentKristin L. Yates Jul 10, 2019 to Aug 12, 202027
- PresidentJeffrey D. Lorenger Jan 29, 2018 to Nov 9, 201828
- PresidentBrandon T. Sieben Nov 9, 2018 to Feb 27, 201929
- PresidentVincent P. Berger May 13, 2016 to Jan 29, 201830
- PresidentStanley A. Askren Feb 2, 2004 to Apr 3, 201831
- PresidentBradley D. Determan Feb 20, 2004 to Feb 20, 200432
- PresidentEric K. Jungbluth Feb 20, 2004 to Feb 28, 200533
- PresidentThomas A. Tolone Aug 6, 2004 to Aug 10, 200534
- PresidentDonald T. Mead Aug 11, 2004 to Aug 11, 200435
- Chief financial officerVincent P. Berger Feb 14, 2025 to now36
- Chief financial officerMarshall H. Bridges Jan 27, 2017 to Jul 29, 202437
- Chief financial officerKurt A. Tjaden Nov 17, 2008 to Feb 19, 201638
- Chief financial officerJerald K. Dittmer Feb 3, 2004 to Feb 19, 200839
- Chief operating officerBishop Brandon Bullock Iii. Feb 17, 2026 to now40
- Chief operating officerKourtney L. Smith Jun 12, 2023 to Feb 17, 202641
Board members and other officers (60)
- Pres, Workplace FurnishingsJason Dean Hagedorn Jan 21, 2026 to now42
- VP, Member RelationsJennifer Sue Petersen Sep 9, 2024 to now43
- Ex VP GL Ops, Kimball IntlGregory A. Meunier Aug 16, 2023 to now44
- CCO, WP & Health, Kimball IntlMichael J. Roch Aug 16, 2023 to now45
- Chief Info and Digital OfficerRadhakrishna S. Rao May 25, 2022 to now46
- President, HHT; EVP, HNI CorpVincent P. Berger Feb 15, 2018 to Jan 15, 202547
- SVP HNI; President HNI IntlKurt A. Tjaden Feb 13, 2017 to Mar 2, 202248
- VP, Corporate ControllerJulie M. Abramowski Aug 11, 2015 to Feb 4, 202049
- VP, Member RelationsDonna D. Meade May 13, 2014 to Jun 5, 202450
- Treas. & VP, Corporate FinanceDerek P. Schmidt May 12, 2011 to Feb 17, 201251
- Treas. & VP Investor RelationsKelly J. McGriff Nov 23, 2009 to Feb 4, 201152
- VP, ControllerMichael Al Mundy Nov 23, 2009 to Nov 23, 200953
- VP, Gen. Counsel & Sec.Steven M. Bradford May 8, 2008 to now54
- Executive Vice PresidentJerald K. Dittmer May 9, 2008 to Jan 29, 201855
- VP, Internal AuditAlan R. Moorhead Aug 11, 2008 to Feb 27, 201256
- VP, Corp. Mktg & e-BusinessJean Reynolds Nov 12, 2008 to Feb 19, 201057
- VP, Member & Comm. RelationsGary L. Carlson Aug 13, 2007 to Feb 14, 201458
- Executive Vice PresidentEugene Sung Aug 17, 2007 to Feb 15, 200859
- Treasurer & VPMarshall H. Bridges Nov 14, 2007 to Feb 10, 201060
- Executive Vice PresidentEric K. Jungbluth Feb 6, 2006 to Feb 19, 200861
- VP, Gen. Counsel and SecretaryJeffrey D. Lorenger Jan 4, 2005 to Feb 21, 201762
- Pres., Paoli Inc.Thomas A. Tolone Feb 18, 2005 to Feb 18, 200563
- VP, Chief Information OfficerDoug L. Jones Mar 18, 2005 to Nov 1, 200564
- VP, Gen Counsel & SecretaryJames I. Johnson Feb 3, 2004 to Mar 1, 200565
- VP & Chief Information OfficerMalcolm C. Fields Feb 3, 2004 to Mar 1, 200566
- VP, Treas & Investor RelationsMelinda C. Ellsworth Feb 3, 2004 to Jun 11, 200767
- VP, Financial ReportingTamara S. Feldman Feb 3, 2004 to Feb 27, 201268
- Pres, Intn'l & Bus. Dev.Marco Molinari Feb 20, 2004 to May 25, 201669
- Vice President, ControllerRobert Driessnack Feb 20, 2004 to Jan 16, 200970
- Pres., Hearth & Home TechnologBradley D. Determan Mar 2, 2004 to Apr 28, 201671
- Pres., The Gunlocke Co., L.L.CDonald T. Mead Aug 6, 2004 to Feb 13, 201772
- VP, Lean EnterpriseTimothy R. Summers Aug 6, 2004 to Feb 6, 200673
- Pres., The Gunlocke Co. LLCRussell S. Minick Sep 8, 2004 to Aug 10, 200574
- Executive Vice PresidentDavid C. Burdakin Sep 8, 2003 to Jul 26, 200775
- VP, Member & Comm. RelationsJeffrey D. Fick Sep 8, 2003 to Apr 7, 200476
- VP & Chief Technology OfficerPeter R. Atherton Sep 8, 2003 to Mar 2, 200477
- VP, Bus. Analysis & Gen. AuditRobert D. Hayes Nov 4, 2003 to Feb 19, 200878
- Board memberLinda K. Williams Dec 10, 2025 to now79
- Board memberDavid Martin Roberts Jun 27, 2024 to now80
- Board memberPatrick D. Hallinan Sep 19, 2022 to now81
- Board memberDhanusha Sivajee Jul 23, 2019 to now82
- Board memberJeffrey D. Lorenger Jul 2, 2018 to now19
- Board memberMary K.w. Jones Feb 19, 2016 to now83
- Board memberJohn R. Hartnett Aug 11, 2016 to now84
- Board memberMary H. Bell Nov 20, 2006 to now85
- Board memberJames R. Jenkins Nov 18, 2005 to May 12, 201686
- Board memberStanley A. Askren Feb 2, 2004 to Jan 17, 201931
- Board memberRichard H. Stanley Feb 3, 2004 to May 4, 200587
- Board memberJack D. Michaels Mar 5, 2004 to May 5, 200588
- Board memberJohn A. Halbrook May 4, 2004 to May 13, 201089
- Board memberLarry B. Porcellato Aug 4, 2004 to now90
- Board memberMiguel M. Calado Aug 5, 2004 to now91
- Board memberAbbie J. Smith Jun 30, 2003 to May 16, 202492
- Board memberDennis J. Martin Jun 30, 2003 to Mar 8, 201693
- Board memberGary M. Christensen Jun 30, 2003 to May 10, 201294
- Board memberJoseph Scalzo Jun 30, 2003 to Nov 20, 200995
- Board memberRonald Waters V. Jun 30, 2003 to Apr 7, 202296
- Board memberCheryl A. Francis Jul 1, 2003 to now97
- Board memberRobert L. Katz Jul 1, 2003 to May 4, 200498
- Board memberBrian E. Stern Aug 5, 2003 to Dec 6, 201999
Products and brands
- hearth
- office furniture
Listed on Wikidata.1
Subsidiaries and ownership
Subsidiaries
Subsidiaries (Exhibit 21)
- Allsteel LLC Illinois8
- Design Holdings Inc. Iowa8
- HNI Holdings Inc. Iowa8
- HNI Services LLC Iowa8
- HNI Technologies Inc. Iowa8
- HNI Workplace Furnishings LLC Iowa8
- Hearth & Home Technologies LLC Iowa8
- Kimball Furniture Group, LLC Indiana8
- Kimball Hospitality, Inc. Indiana8
- Kimball International Brands, Inc. Indiana8
- Kimball International, Inc. Indiana8
- Steelcase Holding SAS France8
- Steelcase SAS France8
- The Gunlocke Company LLC Iowa8
- The HON Company LLC Iowa8
From Wikidata.1 The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
- HON INDUSTRIES INCApr 1, 1994 to May 4, 20047
Timeline
- Aug 20, 20268-K Other events100
- Jul 30, 20268-K Results of operations101
- Jun 10, 20268-K Entered a material agreement; New debt or obligation102
- May 21, 20268-K Executive or director change; Shareholder vote103
- May 6, 20268-K Results of operations104
- Feb 25, 20268-K Results of operations105
- Feb 25, 20268-K Financial statements and exhibits106
- Jan 8, 20268-K Exit or restructuring costs; Impairment107
- Dec 10, 20258-K Entered a material agreement; Completed an acquisition or sale; New debt or obligation108
- Dec 8, 20258-K Regulation FD disclosure109
- Dec 5, 20258-K Shareholder vote; Regulation FD disclosure110
- Nov 25, 20258-K Other events111
- Jul 2, 2018New chief executive Jeffrey D. Lorenger becomes CEO19
- May 6, 2004New chief executive Stanley A. Askren becomes CEO20
- Aug 29, 2003New chief executive Jack D. Michaels becomes CEO21
- 1944Founded Founded in Muscatine1
Calendar
Coming up
- Nov 3, 2026 · Before the openReports results for the quarter ending Sep/2026 A year earlier it reported $1.10 a share, on Oct 28, 2025.112
When it reported results
- Jul 30, 2026Reported quarterly or annual results101
- May 6, 2026Reported quarterly or annual results104
- Feb 25, 2026Reported quarterly or annual results105
- Oct 28, 2025Reported quarterly or annual results113
- Jul 24, 2025Reported quarterly or annual results114
- May 7, 2025Reported quarterly or annual results115
- Feb 20, 2025Reported quarterly or annual results116
- Oct 29, 2024Reported quarterly or annual results117
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
571 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 57 major events, 326 insider forms, 25 large holders, 143 other. The latest 20:
- Sep 22, 2026144 EDGAR
- Sep 16, 20264 EDGAR
- Sep 16, 20263 EDGAR
- Sep 14, 2026144 EDGAR
- Sep 1, 20264 EDGAR
- Aug 28, 2026144 EDGAR
- Aug 28, 20264 EDGAR
- Aug 27, 2026144 EDGAR
- Aug 26, 2026144 EDGAR
- Aug 26, 20264 EDGAR
- Aug 24, 2026144 EDGAR
- Aug 20, 20268-K EDGAR
- Aug 20, 20264 EDGAR
- Aug 6, 2026SCHEDULE 13G/A EDGAR
- Aug 5, 20264 EDGAR
- Aug 4, 202610-Q EDGAR
- Aug 3, 2026144 EDGAR
- Jul 31, 2026SCHEDULE 13G EDGAR
- Jul 30, 20268-K EDGAR
- Jun 17, 202611-K EDGAR
The 571 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
63 open-market trades by officers, directors and large owners since October 2021: 0 buys and 63 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Aug 28, 2026 | Lorenger Jeffrey DPresident & CEO | Sale | 1,504 | $50.00 | $75.2K | Form 4 |
| Aug 27, 2026 | Lorenger Jeffrey DPresident & CEO | Sale | 39,576 | $50.09 | $2.0M | Form 4 |
| Aug 26, 2026 | Lorenger Jeffrey DPresident & CEO | Sale | 7,508 | $50.06 | $375.9K | Form 4 |
| Aug 24, 2026 | Lorenger Jeffrey DPresident & CEO | Sale | 700 | $50.01 | $35.0K | Form 4 |
| Aug 3, 2026 | Lorenger Jeffrey DPresident & CEO | Sale | 45,850 | $47.55 | $2.2M | Form 4 |
| Feb 9, 2026 | Smith Brian ScottPresident, Hearth & Home Tech | Sale | 2,000 | $52.20 | $104.4K | Form 4 |
| Jul 24, 2025 | CALADO MIGUEL MDirector | Sale | 1,743 | $53.00 | $92.4K | Form 4 |
| Jul 24, 2025 | Lorenger Jeffrey DPresident & CEO | Sale | 200 | $53.29 | $10.7K | Form 4 |
| Jun 27, 2025 | CALADO MIGUEL MDirector | Sale | 2,000 | $50.00 | $100.0K | Form 4 |
| Jun 13, 2025 | Hagedorn Jason DeanPres, Workplace Furnishings | Sale | 1,440 | $47.07 | $67.8K | Form 4 |
| Feb 21, 2025 | Smith Brian ScottPresident, Hearth & Home Tech | Sale | 944 | $49.95 | $47.2K | Form 4 |
| Feb 19, 2025 | Smith Brian ScottPresident, Hearth & Home Tech | Sale | 1,223 | $48.62 | $59.5K | Form 4 |
| Feb 18, 2025 | Smith Brian ScottPresident, Hearth & Home Tech | Sale | 556 | $49.90 | $27.7K | Form 4 |
| Dec 4, 2024 | Porcellato Larry BDirector | Sale | 2,000 | $56.95 | $113.9K | Form 4 |
| Oct 17, 2024 | Berger Vincent PEVP & Chief Financial Officer | Sale | 5,858 | $55.13 | $323.0K | Form 4 |
| Oct 16, 2024 | Berger Vincent PEVP & Chief Financial Officer | Sale | 17,796 | $55.03 | $979.3K | Form 4 |
| Oct 15, 2024 | Smith Brian ScottPresident, Hearth & Home Tech | Sale | 2,284 | $54.00 | $123.3K | Form 4 |
| Aug 28, 2024 | CALADO MIGUEL MDirector | Sale | 5,299 | $52.96 | $280.6K | Form 4 |
| Aug 26, 2024 | Lorenger Jeffrey DPresident & CEO | Sale | 9,447 | $53.42 | $504.7K | Form 4 |
| Aug 23, 2024 | Lorenger Jeffrey DPresident & CEO | Sale | 16,450 | $53.09 | $873.3K | Form 4 |
All 63 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- FMR LLCSCHEDULE 13G/A, 4 filings Nov 5, 2025 to Aug 6, 2026118
- VANGUARD CAPITAL MANAGEMENT LLCSCHEDULE 13G, 1 filing Jul 31, 2026119
- VANGUARD PORTFOLIO MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 29, 2026120
- VANGUARD GROUP INCSCHEDULE 13G/A, 4 filings Feb 10, 2022 to Mar 27, 2026121
- STATE FARM MUTUAL AUTOMOBILE INSURANCE COSCHEDULE 13G/A, 4 filings Feb 2, 2022 to Oct 15, 2025122
- BlackRockSCHEDULE 13G/A, 6 filings Jan 25, 2022 to Jul 17, 2025123
- State Street CorporationSC 13G/A, 2 filings Jan 24, 2024 to Oct 18, 2024124
- Northern TrustSC 13G/A, 3 filings Feb 8, 2022 to Feb 13, 2024125
Stakes it holds
HNI Corporation has told the SEC it owns more than 5% of 1 company, latest first (Schedules 13D and 13G).
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Jeffrey D. LorengerChairman, President and Chief Executive Officer, HNI Corporation | $1.1M | $8.2M127 | |
| 2025 | Vincent P. Berger IIChief Financial Officer; Executive Vice President, HNI Corporation | $578.9K | $2.3M127 | |
| 2025 | B. Brandon Bullock IIIChief Operating Officer, HNI Corporation | $503.9K | $1.7M127 | |
| 2025 | Steven M. BradfordSenior Vice President, General Counsel and Secretary, HNI Corporation | $512.9K | $1.6M127 | |
| 2025 | Jason D. HagedornPresident, Workplace Furnishings | $470.3K | $1.4M127 | |
| 2024 | Jeffrey D. LorengerChairman, President and Chief Executive Officer, HNI Corporation | $1.0M | $7.1M127 | |
| 2024 | Vincent P. Berger IIChief Financial Officer; Executive Vice President, HNI Corporation | $528.8K | $1.7M127 | |
| 2024 | Steven M. BradfordSenior Vice President, General Counsel and Secretary, HNI Corporation | $497.6K | $1.4M127 | |
| 2024 | B. Brandon Bullock IIIChief Operating Officer, HNI Corporation | $462.4K | $1.4M127 | |
| 2023 | Jeffrey D. LorengerChairman, President and Chief Executive Officer, HNI Corporation | $1.0M | $5.7M127 | |
| 2023 | Vincent P. Berger IIChief Financial Officer; Executive Vice President, HNI Corporation | $500.9K | $1.7M127 | |
| 2023 | Steven M. BradfordSenior Vice President, General Counsel and Secretary, HNI Corporation | $481.1K | $1.6M127 | |
| 2023 | B. Brandon Bullock IIIChief Operating Officer, HNI Corporation | $444.6K | $1.6M127 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| BlackRock, Inc. | 10,684,086 | $431.7M | 0.0% | +339,096 |
| Fmr LLC | 10,634,660 | $429.7M | 0.0% | +2,798,366 |
| Vanguard Portfolio Management LLC | 4,777,146 | $193.0M | 0.0% | +239,853 |
| Vanguard Capital Management LLC | 3,217,303 | $130.0M | 0.0% | +183,266 |
| State Farm Mutual Automobile Insurance Co | 2,924,923 | $118.2M | 0.1% | No change |
| State Street Corp | 2,796,204 | $113.0M | 0.0% | +111,453 |
| Dimensional Fund Advisors LP | 2,548,082 | $103.0M | 0.0% | −422,938 |
| Northern Trust Corp | 2,348,257 | $94.9M | 0.0% | +69,507 |
| Geode Capital Management, LLC | 1,877,156 | $75.9M | 0.0% | +142,044 |
| Fifth Third Bancorp | 1,499,640 | $60.6M | 0.1% | −78,298 |
| Charles Schwab Investment Management Inc | 1,048,534 | $42.4M | 0.0% | −83,864 |
| Bank of New York Mellon Corp | 940,053 | $38.0M | 0.0% | −259,783 |
| Morgan Stanley | 919,563 | $37.2M | 0.0% | +174,831 |
| Ameriprise Financial Inc | 907,229 | $36.7M | 0.0% | +1,958 |
| Nuveen, LLC | 843,980 | $34.1M | 0.0% | +625,241 |
| Cooke & Bieler LP | 798,957 | $32.3M | 0.4% | −167,090 |
| Royal Bank Of Canada | 664,212 | $26.8M | 0.0% | +616,110 |
| Systematic Financial Management LP | 620,309 | $25.1M | 0.5% | +48,314 |
| Front Street Capital Management, Inc. | 580,610 | $23.5M | 2.7% | +328,090 |
| Lone Peak Global Investors LLC | 536,672 | $21.7M | 3.0% | −11,043 |
| Vanguard Fiduciary Trust Co | 466,909 | $18.9M | 0.0% | +4,018 |
| Principal Financial Group Inc | 419,515 | $17.0M | 0.0% | +6,215 |
| Pillsbury Lake Capital LLC | 412,808 | $16.7M | 4.6% | +191,607 |
| Victory Capital Management Inc | 411,758 | $16.6M | 0.0% | +102,072 |
| Bank Of America Corp /de/ | 389,107 | $15.7M | 0.0% | −230,928 |
13F reports cover disclosed long positions in U.S. stocks only.
Members of Congress who traded it
2 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.
| Date | Member | Trade | Amount | Vs S&P since | Filing |
|---|---|---|---|---|---|
| May 8, 2025 | Jefferson ShreveRepublican, House | Sale | $15,001 - $50,000 | +34.9% | Report |
| Mar 31, 2025 | Jefferson ShreveRepublican, House | Buy | $15,001 - $50,000 | −31.9% | Report |
Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).
SEC filer profile
How HNI Corporation is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARHNI CORP2
- CIK0000048287
- Employer ID (EIN)42-061751018
- Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company18
- Incorporated inIowa18
- Fiscal year endsJanuary 22
- Industry code (SIC)2522 Office Furniture (No Wood)2
- SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance2
- Business address600 East Second Street - Po Box 1109, Muscatine, IA 52761-71092
- Mailing address600 East Second Street, P O Box 1109, Muscatine, IA 527612
- Phone56327274002
- Shares outstanding72,181,800 as of Jul 4, 202612
- Public float$1.7B as of Jun 28, 202518
- AuditorKPMG LLP, Chicago, IL PCAOB ID 185; it also attests to the company’s internal control over financial reporting18
- On EDGAR sinceFeb 11, 19942
- Filings2,908 in all: 4 (1,833), 8-K (251), 5 (207), 10-Q (98), SC 13G/A (76), 144 (55), 3 (51), 425 (49)2
All 50 form types
DEF 14A (33), 10-K (30), 11-K (30), S-8 (21), 4/A (20), SC 13G (19), ARS (18), DEFA14A (15), SD (13), CORRESP (11), UPLOAD (11), 8-K/A (8), PRE 14A (6), SCHEDULE 13G/A (5), S-3/A (4), SCHEDULE 13G (4), 10-K/A (3), S-3 (3), S-4/A (3), S-8 POS (3), 10-K405 (2), 11-K/A (2), 424B3 (2), 8-A12B/A (2), EFFECT (2), S-4 (2), 10-K405/A (1), 10-Q/A (1), 15-12G (1), 25-NSE (1), 3/A (1), 424B1 (1), 8-A12B (1), 8-A12G (1), DEFR14A (1), PRER14A (1), REGDEX (1), RW (1), S-3D (1), SC 13D/A (1), SCHEDULE 13D (1), SCHEDULE 13D/A (1)
- Latest filingsAnnual report (10-K) Mar 3, 2026
Quarterly report (10-Q) Aug 4, 2026
Proxy statement (DEF 14A) Mar 25, 2026
Latest 8-K (8-K) Aug 20, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock | HNI | New York Stock Exchange |
From the cover page of the 10-K filed Mar 3, 2026 (Section 12(b) of the Exchange Act).18
Risk factors and legal proceedings
The risks HNI Corporation names in Item 1A of its 10-K filed Mar 3, 2026: 32 risks under these headings, as written.18
- Industry and Economic Risks
- Unfavorable economic and industry factors could adversely affect the Corporation’s business, operating results, or financial condition.
- The Corporation may not be successful in winning new business in the highly competitive workplace furnishings and residential building products industries.
- Changes in industry dynamics, including demand and order patterns from customers, distribution changes, or the loss of a significant number of dealers, could adversely affect the Corporation’s business, operating results, or financial condition.
- Evolving trade policy between the United States and other countries may have an adverse effect on the Corporation’s business and results of operations.
- The Corporation’s profitability may be adversely affected by increases in raw material and commodity costs as well as transportation and shipping challenges.
- Strategic and Operational Risks
- If customers do not perceive the Corporation’s products and services to be of good value, the Corporation’s brand and name recognition and reputation could suffer.
- The Corporation’s efforts to introduce new products to meet customer and workplace demands may not be successful, which could limit sales growth or cause its sales to decline.
- Natural disasters, acts of God, force majeure events, or other catastrophic events may impact the Corporation’s production capacity and, in turn, negatively impact profitability.
- The Corporation’s business and operations are subject to risks related to climate change.
- A continued shortage of qualified labor could negatively affect the Corporation’s business and materially reduce earnings.
The other 22 risks
- The Corporation’s failure to retain its existing management team, maintain its engineering, finance, technical, and manufacturing process expertise, or continue to attract qualified personnel could adversely affect the Corporation’s business.
- Failure to properly identify, value, and manage acquisitions or strategic alliances in accordance with the Corporation's strategy may negatively affect the Corporation’s business, results of operations and financial condition.
- The Corporation may not be able to successfully integrate and manage acquired businesses and alliances.
- The Corporation's financial results could be negatively affected by an impairment charge relating to its goodwill or other intangible assets.
- Increasing health care costs could adversely affect the Corporation’s business, operating results, and financial condition.
- The Corporation’s international operations expose it to risks related to conducting business in multiple jurisdictions outside the United States.
- The Corporation is subject to currency risk in its international operations.
- The Corporation’s sales to the United States federal, state, and local governments are subject to uncertain future funding levels and federal, state, and local procurement laws and are governed by restrictive contract terms, any of which factors could limit current or future business.
- The Corporation's information technology systems, processes, and sites may suffer interruptions, security incidents, or failures that may affect its ability to conduct its business, cause significant damage to its reputation, and expose it to substantial legal liability.
- The impact on our industry of the development and deployment of artificial intelligence in the workplace is unknown, and potential changes in work spaces and work patterns could impact order volume and adversely affect our business and financial results.
- Risks Related to the Steelcase Acquisition
- The Corporation may not achieve the intended benefits of the acquisition, and the acquisition may disrupt its current plans or operations.
- The results of the Corporation may be adversely impacted if it does not effectively manage its expanded operations.
- The acquisition may result in a loss of customers, distributors, suppliers, vendors, landlords and other business partners and may result in the termination of existing contracts.
- Legal and Regulatory Risks
- The Corporation is subject to extensive environmental regulation and has exposure to potential environmental liabilities.
- Costs related to product defects could adversely affect the Corporation’s profitability.
- An inability to protect the Corporation’s intellectual property could have a significant impact on the business.
- If third parties claim that the Corporation infringes upon their intellectual property rights, the Corporation may incur liabilities and costs and may have to redesign or discontinue an infringing product.
- Financing Risks
- The financing arrangements of the Corporation contain restrictions and limitations that may, under certain circumstances, significantly impact the Corporation’s ability to operate its business.
- Fluctuating interest rates including potential future rate increases may raise the interest cost on the Corporation’s debt and could materially adversely impact the Corporation’s ability to refinance existing debt and limit its acquisition and development activities going forward.
- The Corporation may require additional capital in the future, which may not be available or may be available only on unfavorable terms.
- Risks Related to the Common Stock
- The Corporation’s results of operations and earnings may not meet guidance or expectations.
- Iowa law and provisions in the Corporation’s charter and bylaws may have the effect of preventing or hindering a change in control and adversely affecting the market price of its common stock.
Legal proceedings
The Corporation is involved in various disputes and legal proceedings that have arisen in the ordinary course of its business, including pending litigation, environmental remediation, taxes, and other claims. After consultation with legal counsel, the Corporation does not expect that liabilities, if any, resulting from these matters will have a material adverse effect on the Corporation’s financial condition, cash flows, or on the Corporation’s quarterly or annual operating results when resolved in a future period. For more information regarding legal proceedings, see "Note 14. Guarantees, Commitments, and Contingencies" in the Notes to Consolidated Financial Statements, which information is incorporated herein by reference.
The opening of Item 3, Legal Proceedings.18
Links
- Websitewww.hnicorp.com1
- WikipediaHNI Corporation
- More imagesWikimedia Commons
- WikidataQ5635303
- SEC EDGARCIK 48287
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataHNI Corporation on Wikidata
- 2SEC EDGARHNI Corporation filings on SEC EDGAR
- 3WikipediaHNI Corporation on Wikipedia
- 4
- 5Wikimedia CommonsHNI Corporation logo by HNI Corporation, Public domain
- 6SEC EDGARHNI Corporation 10-K for fiscal 2026
- 7SEC EDGARHNI Corporation filings on SEC EDGAR
- 8
- 9SEC EDGARHNI Corporation 10-K for fiscal 2019
- 10SEC EDGARHNI Corporation 10-K for fiscal 2021
- 11SEC EDGARHNI Corporation 10-K for fiscal 2022
- 12SEC EDGARHNI Corporation 10-Q for fiscal 2025
- 13SEC EDGARHNI Corporation 10-Q for fiscal 2025
- 14SEC EDGARHNI Corporation 10-Q for fiscal 2026
- 15SEC EDGARHNI Corporation 10-K for fiscal 2019
- 16SEC EDGARHNI Corporation 10-K for fiscal 2022
- 17SEC EDGARHNI Corporation 10-Q for fiscal 2025
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- 20
- 21
- 22SEC EDGARStanley A. Askren, Chair
- 23SEC EDGARIrene Tasi, President
- 24SEC EDGARBrian Scott Smith, President
- 25SEC EDGARJason Dean Hagedorn, President
- 26
- 27SEC EDGARKristin L. Yates, President
- 28SEC EDGARJeffrey D. Lorenger, President
- 29SEC EDGARBrandon T. Sieben, President
- 30SEC EDGARVincent P. Berger, President
- 31SEC EDGARStanley A. Askren, President
- 32SEC EDGARBradley D. Determan, President
- 33SEC EDGAREric K. Jungbluth, President
- 34SEC EDGARThomas A. Tolone, President
- 35SEC EDGARDonald T. Mead, President
- 36
- 37
- 38
- 39
- 40
- 41
- 42
- 43
- 44
- 45
- 46
- 47
- 48
- 49
- 50SEC EDGARDonna D. Meade, VP, Member Relations
- 51
- 52
- 53SEC EDGARMichael Al Mundy, VP, Controller
- 54
- 55
- 56SEC EDGARAlan R. Moorhead, VP, Internal Audit
- 57
- 58
- 59
- 60SEC EDGARMarshall H. Bridges, Treasurer & VP
- 61
- 62
- 63SEC EDGARThomas A. Tolone, Pres., Paoli Inc.
- 64
- 65
- 66
- 67
- 68
- 69
- 70
- 71
- 72
- 73
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- 75
- 76
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- 78
- 79SEC EDGARLinda K. Williams, Board member
- 80SEC EDGARDavid Martin Roberts, Board member
- 81SEC EDGARPatrick D. Hallinan, Board member
- 82SEC EDGARDhanusha Sivajee, Board member
- 83SEC EDGARMary K.w. Jones, Board member
- 84SEC EDGARJohn R. Hartnett, Board member
- 85SEC EDGARMary H. Bell, Board member
- 86SEC EDGARJames R. Jenkins, Board member
- 87SEC EDGARRichard H. Stanley, Board member
- 88SEC EDGARJack D. Michaels, Board member
- 89SEC EDGARJohn A. Halbrook, Board member
- 90SEC EDGARLarry B. Porcellato, Board member
- 91SEC EDGARMiguel M. Calado, Board member
- 92SEC EDGARAbbie J. Smith, Board member
- 93SEC EDGARDennis J. Martin, Board member
- 94SEC EDGARGary M. Christensen, Board member
- 95SEC EDGARJoseph Scalzo, Board member
- 96SEC EDGARRonald Waters V., Board member
- 97SEC EDGARCheryl A. Francis, Board member
- 98SEC EDGARRobert L. Katz, Board member
- 99SEC EDGARBrian E. Stern, Board member
- 100SEC EDGAROther events
- 101SEC EDGARResults of operations
- 102
- 103
- 104SEC EDGARResults of operations
- 105SEC EDGARResults of operations
- 106SEC EDGARFinancial statements and exhibits
- 107
- 108
- 109SEC EDGARRegulation FD disclosure
- 110
- 111SEC EDGAROther events
- 112NasdaqNasdaq calendar
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